MercadoLibre, Inc. (NASDAQ:MELI) Shares Purchased by American Century Companies Inc.

American Century Companies Inc. raised its holdings in shares of MercadoLibre, Inc. (NASDAQ:MELI) by 25.3% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 158,940 shares of the company’s stock after purchasing an additional 32,140 shares during the quarter. American Century Companies Inc. owned 0.31% of MercadoLibre worth $270,268,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of MELI. Swedbank AB grew its stake in MercadoLibre by 352.8% during the 3rd quarter. Swedbank AB now owns 94,123 shares of the company’s stock valued at $193,137,000 after purchasing an additional 73,336 shares in the last quarter. Empowered Funds LLC grew its stake in MercadoLibre by 5.3% during the 3rd quarter. Empowered Funds LLC now owns 697 shares of the company’s stock valued at $1,430,000 after purchasing an additional 35 shares in the last quarter. Thrivent Financial for Lutherans grew its position in shares of MercadoLibre by 11.9% in the 3rd quarter. Thrivent Financial for Lutherans now owns 197 shares of the company’s stock worth $404,000 after acquiring an additional 21 shares in the last quarter. Avior Wealth Management LLC grew its position in shares of MercadoLibre by 268.1% in the 3rd quarter. Avior Wealth Management LLC now owns 173 shares of the company’s stock worth $355,000 after acquiring an additional 126 shares in the last quarter. Finally, Moran Wealth Management LLC grew its position in shares of MercadoLibre by 50.2% in the 3rd quarter. Moran Wealth Management LLC now owns 419 shares of the company’s stock worth $860,000 after acquiring an additional 140 shares in the last quarter. Institutional investors and hedge funds own 87.62% of the company’s stock.

MercadoLibre Trading Up 1.3 %

NASDAQ:MELI opened at $2,095.27 on Friday. MercadoLibre, Inc. has a 1 year low of $1,324.99 and a 1 year high of $2,374.54. The stock has a market cap of $106.22 billion, a price-to-earnings ratio of 55.58, a PEG ratio of 1.12 and a beta of 1.64. The business has a fifty day moving average of $1,997.59 and a 200-day moving average of $1,970.94. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.22 and a current ratio of 1.25.

MercadoLibre (NASDAQ:MELI) last released its quarterly earnings results on Thursday, February 20th. The company reported $12.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $10.21 by $2.40. MercadoLibre had a return on equity of 51.89% and a net margin of 9.20%. The company had revenue of $6.06 billion during the quarter, compared to analysts’ expectations of $5.94 billion. Equities analysts predict that MercadoLibre, Inc. will post 43.96 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on MELI. Bank of America lifted their target price on MercadoLibre from $2,500.00 to $3,000.00 and gave the stock a “buy” rating in a research report on Friday, February 21st. The Goldman Sachs Group lifted their target price on MercadoLibre from $2,400.00 to $2,750.00 and gave the stock a “buy” rating in a research report on Monday, March 3rd. Wedbush decreased their target price on MercadoLibre from $2,200.00 to $2,100.00 and set an “outperform” rating for the company in a research report on Monday, January 6th. Susquehanna lifted their target price on MercadoLibre from $2,350.00 to $2,760.00 and gave the stock a “positive” rating in a research report on Friday, February 21st. Finally, New Street Research upgraded MercadoLibre from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $2,000.00 to $2,300.00 in a research report on Thursday, January 30th. Two equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $2,402.81.

MercadoLibre Profile

MercadoLibre, Inc operates online commerce platforms in the United States. It operates Mercado Libre Marketplace, an automated online commerce platform that enables businesses, merchants, and individuals to list merchandise and conduct sales and purchases digitally; and Mercado Pago FinTech platform, a financial technology solution platform, which facilitates transactions on and off its marketplaces by providing a mechanism that allows its users to send and receive payments online, as well as allows users to transfer money through their websites or on the apps.